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29.06.2018 NCSP Group Consolidated Financial Results for Q1 2018

NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces its consolidated operating and financial results for the three months, ending 31March 2018, prepared under International Financial Reporting Standards (IFRS).

Transshipment of cargo in Q1 2018 totaled 35007 thousand tons, including 25 164 thousand tons of liquid cargo, 4500thousand tons of bulk cargo, 3592 thousand tons of general cargo, 1469 thousand tons (152 thousand TEU) of containers and 283 thousand tons of other cargo.

NCSP Groups consolidated revenue for Q1 2018 increased by $11410 thousand or 5.0% year-on-year and totaled $237908 thousand.

Groups EBITDA and net profit in the reporting period totaled $167989 thousand* and $111170 thousand respectively.

Cash and cash equivalents totaled $225 838 thousand. Net debt reduced to $982 172 thousand.

Net debt to LTM EBITDA ratio improved to 1.51* versus 1.64* at the beginning of the year.

NCSP Group Key Financial Metrics

(thousand US dollars)

Q1 2018

Q1 2017

Change

Change %

Revenue

237 908

226 498

11 410

5,0%

EBITDA*

167 989

172 304

-4 315

-2,5%

EBITDA Margin*

70,6%

76,1%

Profit for the period

111 170

191 325

-80 155

-41,9%

(thousand US dollars)

31.03.2018

31.12.2017

Change

Change %

Debt (incl. financial lease)

1 208 010

1 196 425

11 585

1,0%

Cash and equivalents

225 838

121 528

104 310

85,8%

Net debt*

982 172

1 074 897

-92 725

-8,6%

Net debt / LTM EBITDA*

1,51

1,64

* Management accounts

Complete consolidates financial information for Q1 2018 is available for downloading at:
http://nmtp.info/en/holding/investors/reporting/msfo/

Additionally inform that the published consolidated financial statements for the year ended 31 December 2017 contain an error. The nature of the error and its impact on the financial statements are presented in the consolidated financial information for the three months ended 31 March 2018 in Note 2 Correction of a fundamental error.

About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2017. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2017 totalled 143.5* million tonnes. Consolidated revenue to IFRS in 2017 totalled USD 899.8 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk shiprepair yard, JSC FNCSP, JSC NLE, LLC IPP, LLC Baltic Stevedore Company, and JSC SFP.

Contacts

Public Relations: PR@ncsp.com

Investor Relations: ABurykin@ncsp.com

 

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